Managing Money for General Practitioners,

Description

Now thoroughly revised and updated, the new edition of this popular book ensures that GPs and practice managers alike have a practical guide to the financial issues affecting medical practice. Although GPs delegate many of their management and administration functions to practice managers and other highly qualified staff, it is crucial for them to remain aware of how they are paid, how their income is taxed, how their tax will be settled, and the numerous financial problems that can arise in partnerships. Sound financial management is vital if these pitfalls are to be avoided. Written by specialists in the increasingly complex area of practice finance, this is an accessible guide for non-specialists, providing answers to routine queries and illustrating typical situations with worked examples. Cover Half Title Title Copyright Contents Preface to the second edition About the editor Contributors Acknowledgements Introduction 1 The legal framework of a medical practice 2 The structure of medical practice 3 Partnership agreements 4 Practice accounts 5 The contract for services 6 Partners’ funds and financing the practice 7 Other sources of income 8 Practice expenditure 9 Practice premises 10 NHS Pension Scheme 11 Pensions and personal financial planning 12 Forward planning 13 The taxation of earnings 14 Capital taxation 15 VAT and the GP 16 A compilation of financial tit-bits 17 Financial horror stories Index